Empresa Distribuidora (Argentina) Market Value
| EDN Stock | ARS 2,035 20.00 0.97% |
| Symbol | Empresa |
Empresa Distribuidora 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Empresa Distribuidora's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Empresa Distribuidora.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Empresa Distribuidora on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Empresa Distribuidora y or generate 0.0% return on investment in Empresa Distribuidora over 720 days. Empresa Distribuidora is related to or competes with American Express, United States, Capex SA, Pfizer, Dycasa SA, and Ternium SA. Empresa Distribuidora y Comercializadora Norte Sociedad Annima, a public service company, engages in the distribution an... More
Empresa Distribuidora Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Empresa Distribuidora's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Empresa Distribuidora y upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.13 | |||
| Information Ratio | 0.2652 | |||
| Maximum Drawdown | 12.61 | |||
| Value At Risk | (2.91) | |||
| Potential Upside | 6.21 |
Empresa Distribuidora Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Empresa Distribuidora's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Empresa Distribuidora's standard deviation. In reality, there are many statistical measures that can use Empresa Distribuidora historical prices to predict the future Empresa Distribuidora's volatility.| Risk Adjusted Performance | 0.2465 | |||
| Jensen Alpha | 0.9103 | |||
| Total Risk Alpha | 0.4224 | |||
| Sortino Ratio | 0.3479 | |||
| Treynor Ratio | (2.23) |
Empresa Distribuidora Backtested Returns
Empresa Distribuidora appears to be very steady, given 3 months investment horizon. Empresa Distribuidora secures Sharpe Ratio (or Efficiency) of 0.34, which denotes the company had a 0.34% return per unit of risk over the last 3 months. By reviewing Empresa Distribuidora's technical indicators, you can evaluate if the expected return of 0.96% is justified by implied risk. Please utilize Empresa Distribuidora's Coefficient Of Variation of 320.63, mean deviation of 2.18, and Downside Deviation of 2.13 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Empresa Distribuidora holds a performance score of 27. The firm shows a Beta (market volatility) of -0.39, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Empresa Distribuidora are expected to decrease at a much lower rate. During the bear market, Empresa Distribuidora is likely to outperform the market. Please check Empresa Distribuidora's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Empresa Distribuidora's price patterns will revert.
Auto-correlation | 0.71 |
Good predictability
Empresa Distribuidora y has good predictability. Overlapping area represents the amount of predictability between Empresa Distribuidora time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Empresa Distribuidora price movement. The serial correlation of 0.71 indicates that around 71.0% of current Empresa Distribuidora price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 76.8 K |
Empresa Distribuidora lagged returns against current returns
Autocorrelation, which is Empresa Distribuidora stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Empresa Distribuidora's stock expected returns. We can calculate the autocorrelation of Empresa Distribuidora returns to help us make a trade decision. For example, suppose you find that Empresa Distribuidora has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Empresa Distribuidora regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Empresa Distribuidora stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Empresa Distribuidora stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Empresa Distribuidora stock over time.
Current vs Lagged Prices |
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Empresa Distribuidora Lagged Returns
When evaluating Empresa Distribuidora's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Empresa Distribuidora stock have on its future price. Empresa Distribuidora autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Empresa Distribuidora autocorrelation shows the relationship between Empresa Distribuidora stock current value and its past values and can show if there is a momentum factor associated with investing in Empresa Distribuidora y.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Information and Resources on Investing in Empresa Stock
When determining whether Empresa Distribuidora offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Empresa Distribuidora's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Empresa Distribuidora Y Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Empresa Distribuidora Y Stock:Check out Empresa Distribuidora Correlation, Empresa Distribuidora Volatility and Empresa Distribuidora Alpha and Beta module to complement your research on Empresa Distribuidora. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Empresa Distribuidora technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.